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Each year millions of Canadians has their taxes prepared by professional tax consultants. Professionally prepared tax returns can help in reducing the likelihood of errors; however, manual income tax preparation through these professionals is expensive in relation to the tax preparation software. That’s why great numbers of individuals prefer to prepare their tax returns by their own selves. Although the traditional way of filing tax returns through paper tax forms may be a good practice but it will take more time and doesn’t guarantee its accuracy, where tax software programs will do the job quickly through it’s step-by-step process while completing and filling your tax return in less than half of time in relation to paper. Whether you are a novice or already knew and have been gone through the process while preparing your taxes for years, Canadian tax software programs will simplify the process of your tax planning and save you more time and money.

Tax software programs have been increased in popularity and usage over the past few years in Canada; beside federal tax return you can also get filled all the provincial and territorial tax returns forms automatically. Where as the province of Quebec is concern it is not integrated with most of the Canadian tax software yet because of it’s separate tax filing system that deals by the Revenue Quebec. For all those Quebec resident looking for the online income tax preparation and software, you may check and confirm with the software company either Quebec province is included in the said tax software Canada or not before getting one for you.

As it’s a fact of life benefits also include drawbacks, that’s why like many other software programs that been using in these days, Canadian tax software programs also include advantages and disadvantages both. However, most of the disadvantage we can get using the tax software is the information we are feeding into the system and result depends exclusively on it’s accuracy on our side and the other disadvantage that also depends on our understanding the system because we should first have to master the tax software program first to use it accurately to get efficient results. Don’t feel it’s not a hard job because it has been created for the people to do-it-your self. It’s like a game software on your computer or like a mobile phone that you know how people are using different kinds and even complicated features very masterly and their practice makes getting the best result according to their requirement. Although, tax software programs are not a difficult kind of software like those stated above, these are fairly easy to understand and quick to use, because income tax preparation environment usually provide step-by-step job to complete the process that most of the individuals can make a tax return correct, cheaper and faster.

It’s advisable to all the taxpayers that if you are shifting from manual to software you should first learn the different types of tax software programs available in the market and best thing among most of the tax software companies, they are also offering free and trial versions of their product. Many of the Canadian tax software programs offers more than one version like a standard or basic, deluxe or a premium version, because every tax software program is build with different features according to different class of people and business. Standard versions may work with your federal income tax return forms where Deluxe software versions may include both federal and state (provinces and territories) income tax forms and Premium version of tax return software may provide all the features of standard and deluxe while providing additional features that may result in more savings like knowing about available tax credits and deductions you may claim and enjoy. Many of the taxpayers usually prefer the software versions that offer both provincial and federal tax forms at the same time.

Organize and enhance your personal finances with automation! These are few popular and best Canadian tax software programs that people trust:

Turbotax Canadian Tax Software(QuickTax) by Intuit; Software working environment for income tax preparation: Web, Windows and MAC; Availability: Check your desired version to know it’s availability for Canadian Provinces and Territories; NetFile Certified (tax years): Yes (1999 onward), please see the website to confirm.

TaxTron Canadian Tax Software by TaxTron; Software working environment for income tax preparation: Windows and MAC; Availability: See the software platform; NetFile Certified (tax years): Yes (1999 onward), please see the website to confirm.

GenuTax Canadian Tax Software by GenuSource; Software working environment for income tax preparation: Windows; Availability: No Provincial return for QC; NetFile Certified (tax years): Yes (2004 onward), please see the website to confirm.

UFile for Windows Canadian Tax Software by Dr Tax Software; Software working environment for income tax preparation: Web and Windows; Availability: Supports all Canadian Provinces and Territories; NetFile Certified (tax years): Yes (1999 onward), please see the website to confirm.

However, there are variety of other online tax preparation programs which are available to taxpayers today; web based or desktop versions either paid or a free tax software versions both that are suited to the needs of different users like student, personal, corporate and small business tax software, it may be difficult for some people to choose for the first time but you can expect nearly same kind of services from each offering tax resources and built in tools like tax return calculator, deduction maximizer, all kind of tax forms, community center, tax articles, tax calendar, updates, saving tips and more.

Benefits of using proven and highly rated income tax preparation program to prepare and file personal and business taxes on your own include:

Low Cost Cheap Alternate

Tax preparation fees charged by your accountant or tax professional may be in hundred dollars or more that generally depend on where and how the taxes are being prepared, time and complicity of your case and number of tax forms need to be filled out where income tax preparation software program provides cheap alternative for preparing and filing tax returns equal to the price of the said software and even free in some cases including free trials.

Saves Time

As you know it require only once to give information to the tax software to get all the forms and return filled with that, most of the tax software will readily convert your typed information from your federal return to your provincial return that you can’t do when filing a paper return. As manual or paper return, you have to write all the required information twice or so. Tax software save your time by half while removing common errors that usually occur when copying the same information twice.

Makes E-Filing Easy

Tax software offers a great option to e-file your federal and state taxes online and printing them out without leaving your computer. Feature of e-filling your tax returns may be a great opportunity for all those taxpayers looking for the instant delivery of their taxes rather than mailing physically. It can make your life convenient in a way in which you can get more time to pay your taxes and get your refund faster. While e-filing an online tax return may be a popular and a convenient option to be received and processed quicker but there are plenty of individuals who do not feel comfortable about submitting their personal information through e-fling their taxes due to insecurity feeling of online environment, although these tax software programs include internet secured platforms. It is advisable for all the taxpayers to understand and read the description of the software program before purchasing to know the fees attached with the facility because tax software programs may charge you with an additional e-filing fee, but remember it will not make it expensive in relation to manual preparation through professional tax practitioners.

Maximizes Tax Deductions

It’s really a hectic and difficult task to keep up with the amendments or changes in tax laws. As you know new deductions are made available to individuals working from home every year and missing of them mean missing your tax savings. A new edition of your tax software program will make it sure you will not loose any benefits to claim on updated state and federal laws and get all those deductions that are currently available, that’s mean you owe less and get a bigger refund. It will also save you the pain of owing taxes due to changes in state and federal laws.

Minimizes Audits

Using tax software means avoiding audit or it can bring fewer chances to go for an audit. As you know any business and individual can be audited any time by the Internal Reveune Services. However, tax software can reduce your risks of being called for audit and getting penalized in case of failure. Where tax software generally offer a guarantee for any calculation errors that make you responsible.

Finds Answers To All The Tax Questions

Tax software will let you find answers to your questions easily, it provide all the information related to the Taxes. For example TurboTax software program’s knowledgebase like all those similar software, will show all the related and important questions to know their answers on each of its section you are working on, you can also use their help feature to know any question and information you need to get answer for, beside you can also get direct responses and interactions from live community section and forum online that include software users and experts from your own tax software websites.

Make an informed decision on how your own tax returns should be prepared and filed! In today’s high paced society, it appears more and more people are looking for fast, better and accurate solutions and shifting from manual to software definitely add up value and convenience to enhance tax planning but some times certain complicated situations are better left to the professionals. There are plenty of more advantages that will bring to light in your specific circumstances and case requirement. At least every tax software program is making guarantee to its platform but one thing is clear that tax software programs work through online income tax preparation system that’s why are fast, up to date, bring accuracy and are easy to use. Taxpayers are advised to thoroughly consider, read tax software reviews from people actually using the service to check the advantages and disadvantages about Canadian tax software programs. It will help them a lot in finding out about the best Canadian tax software to go with.